Question 30 1 point In 2014 per capita Real GDP was 21782 in

Question 30 (1 point) In 2014 per capita Real GDP was $21,782 in Sweet Potato Hollow. In 2015 per capita Real GDP was $22,030 in Sweet Potato Hollow. What was the growth rate from 2014-2015 1) 101% 2) 0.0 11% 3) 1.14% 4) 0.99%

Solution

Growth rate = ( New GDP - Old GDP ) / New GDP x100

= 22030 - 21782 / 22030 x 100

= 1.1257% or we can write it as 1.14% The answer is \"C\",